First National Bank of Floydada
Historical marker location:The James B. Posey Bank, established in Floydada in the 1890s, became the Floyd County Bank in 1900 when L. T. Lester joined Posey as a partner. In 1903, with the granting of a federal charter, the name changed once again to First National Bank. Lester served as first president, and the original stockholders included Posey, Lester, Columbus Surginer, Will W. Nelson, R. C. Andrews, J. R. Burrus, and John N. Farris, who succeeded Lester as president in 1911. The bank has occupied this site since 1912, and throughout its history has played an important part in Floyd County's development. (1990)
As one of the most visible programs of the Texas Historical Commission (THC), historical markers commemorate diverse topics in Texas history, including: the history and architecture of houses, commercial and public buildings, religious congregations, and military sites; events that changed the course of local and state history; and individuals who have made lasting contributions to the state, community organizations, and businesses.
The state of Texas was once an independent country known as the Republic of Texas. It gained independence from Mexico in 1836 and was a separate nation until it was annexed by the United States in 1845.
The county itself was officially established in 1876 and named after Dolphin Ward Floyd, a pioneer settler in the region. The town of Floydada was designated as the county seat. Agriculture played a significant role in the early development of Floyd County, with settlers primarily engaged in livestock raising and crop farming.
In the late 19th and early 20th centuries, Floyd County experienced a boom in population and economic growth. The construction of the Santa Fe Railroad in the area facilitated transportation and trade, leading to the establishment of new businesses and industries. The discovery of oil in the early 1900s further fueled the county's growth, attracting oil companies and boosting the local economy.
Over the years, Floyd County has faced various challenges, including devastating droughts and the Great Depression. However, the community has exhibited resilience and perseverance, bouncing back from these hardships. Today, the county continues to be primarily rural, with agriculture, oil production, and wind energy serving as significant economic contributors.
Overall, Floyd County's history is a testament to the spirit of its residents and the determination to overcome obstacles while maintaining a strong sense of community identity.
Floyd County Timeline
This timeline provides a concise overview of the key events in the history of Floyd County, Texas.
- 1876: Floyd County is established and named after Dolphin Ward Floyd, a pioneer and Texas Ranger.
- 1880: The first permanent settlement is established in Floyd County.
- 1890: The county's population reaches over 1,000 residents.
- 1890s: Ranching becomes the primary economic activity in the area.
- 1907: The county seat is moved from Kai to Floydada.
- 1929: The Great Depression hits Floyd County, leading to economic hardships for many residents.
- 1930s: The Civilian Conservation Corps completes several projects in the county, providing much-needed employment opportunities.
- 1940s: Floyd County experiences a population boom due to the discovery of oil and gas reserves.
- 1950s: The construction of U.S. Route 70 through Floyd County improves transportation and access to the region.
- 1980s: The agriculture industry in Floyd County begins to decline, leading to a shift towards other economic sectors.
- 1990s: Education becomes a major focus in Floyd County with the establishment of several school districts.
- 2000s: Wind energy development becomes a significant industry in the county.